Saturday, August 28, 2010

SLW Uncharted Territory

I wanted to share with everyone this chart of SLW, it is currently in uncharted territory and making all time new highs after going sideways for months. Theres a high probability that this stock will continue to run upwards unless theres significant weakness in the market and the company itself. The ETF that correlates the most with SLW is GDX with a correlation of .9134 which is %91.34.

No comments:

Post a Comment